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Fitch downgraded its forecast for U.S. economic growth in 2025 to 1.7% from 2.1%.

Fitch downgraded its forecast for U.S. economic growth in 2025 to 1.7% from 2.1%.

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Fitch: The tariff shock is expected to add 1 percentage point to short-term U.S. inflation, and the Federal Reserve is expected to delay further rate cuts until the fourth quarter of 2025.

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Fitch: The Federal Reserve is expected to cut interest rates only once this year

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